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HomeMy Public PortalAbout01-20-1987 - Speical Meeting 467 PROCEEDINGS OF A SPECIAL MEETING OF THE COMMON COUNCIL OF THE CITY OF RICHMOND, INDIANA, JANUARY 20, 1987 1 The Common Council of the City of Richmond, Indiana met in special session with Mayor Frank H. 2 Waltermann, January 20, 1987 as the City Board of Finance. The meeting was held immediately 3 following the regularly scheduled meeting of the Common Council. Council President Brookbank 4 presided with the following Councilmembers present: Elstro, Williams, Hankinson, Whitesell, 5 Parker, Hutton, Morris and Theobald. Mayor Waltermann and City Controller Marge Sweet were 6 also in attendance. The following business was held: 7 8 ELECTION OF CHAIRMAN OF CITY BOARD OF FINANCE 9 10 President Brookbank announced she would accept nominations for the Chairman of the City Board 11 of Finance. 12 13 Councilmember Morris placed the name of Councilmember Whitesell in nomination for the 14 Chairman of the City Board of Finance. The motion was seconded by Councilmember Hankinson. 15 16 Councilmember Parker moved to close the nominations, seconded by Councilmember Hutton and on 17 unanimous voice vote the motion was carried. 18 19 Councilmember Whitesell will serve as Chairman of the City Board of Finance. 20 21 Mr. Barden informed the Council they should authorize the City Controller, as Secretary of the 22 Board of Finance, to request proposals be submitted from financial institutions in order that the 23 Board could meet to determine the depositories for the City. Mr. Barden added that the meeting 24 to choose the depositories would need to be held prior to the third Monday in February. 25 26 Councilmember Hankinson moved to authorize the City Controller to request proposals from 27 financial institutions for purposes of selecting City depositories and to review the proposals on 28 February 2, 1987, seconded by Councilmember Hutton and on unanimous voice vote the motion 29 was carried. 30 31 ADJOURNMENT 32 33 There being no further business, on a motion duly made, seconded and passed the meeting was 34 adjourned. 35 36 37 38 39 Terry Whitesell, Chairman 40 41 42 43 ATTEST: 44 Marge Sweet, Secretary 45 46 47 48 49 50 51 52 53 . 54 55 56 57 58 59 60 61 62 63 468